Sky Mavis raises $150 million to reimburse users after $625 million hack.
Sky Mavis, the NFT game Axie Infinity creator, was the victim behind one of the largest crypto hacks reported. The attacker drained 25.5 million USDC and 173,600 ETH on March 29th, totaling about $625 million.
About a week after the hack, Sky Mavis announced on April 6th that the company raised $150 million, led by Binance, and other contributors like Paradigm, Animoca Brands, and Accel, to reimburse users affected by the hack. Sky Mavis is committed to reimbursing all users of the lost funds and implementing rigorous internal security measures to prevent future attacks.
As for the Ronin network, Binance has resumed withdrawals and deposits after suspending them last week. Ronin Network bridge remains closed, but once the audits and security upgrades are done, it will reopen, which could take several weeks.
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